Benchmarking is the continuous process of measuring products, services, and practices against the toughest competitors or those companies regarded as leaders. Benchmarking is a method of comparing processes, products, and services against organizations with the best practices. You can benchmark best practices to identify how others achieve outstanding results, and […]
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Common Questions in Strategic Planning
There are seven key questions in strategic planning, both for you and for your business. These are questions that you need to ask and answer over and over, throughout your career. Sometimes a new answer to any of these questions can dramatically change the direction of your business and your […]
Strategy Innovation vs. Strategic Planning
If you are intrigued by the potential of strategy innovation for your company, be aware that you will not get it from your current strategic planning process. You will have to create a separate process for strategy innovation, one that is: 1. Creative 2. Market-centric 3. Heuristic (discovery-driven) Creative Strategy […]
What Are Web Malls Good For?
Web malls have generally been unsuccessful on the Web with very few exceptions. Although they seem like a great idea—after all, they work well in local geographical areas—they have not been able to attract much attention on the Web. Therefore, I don't see them as a significant force in ecommerce. […]
How to Choose a Home Based Career?
There is one thing you can count on when you begin your own business. You wont be bored. There are plenty of details to work out; a number of tasks that await each day. You wont find yourself looking at the clock very often, , thats for sure! What do […]
Fundamental Questions to Achieve Online Business Success
If you are determined to build a successful online business, here’s a plan that works, even if you are brand new to the Web. The key to it is to take a small step in each of several areas all at the same time. As long as each step takes […]
Can You Risk Supporting an Affiliate Program?
There is an over-abundance of affiliate programs available. All eagerly invite you to participate. If you like, visit AssociatePrograms.Com. Allan Gardyne has the most comprehensive list of programs I have seen. Almost 3000 of them at the last count I noted. And he reports thoroughly on each, as information becomes […]
Online Merchandising Strategies
Building a profitable and scalable e-commerce business requires flexible merchandising and an effective infrastructure. Flexible merchandising (delivering value and quality in meeting customer needs) is covered in this article. Effective infrastructure (building efficient processes to create the information required for flexible merchandising) is covered later in the article. Flexible Merchandising […]
The Three Phase Change Management Framework for E-Business Transformation
Phase I -: People It is very important to have a few champions who can spearhead the change process. If a company finds that there are no existing employee members who can own the e-transformation process, then the company needs to recruit from outside. These champions are not only visionaries […]
The Advances in Modern Technology and Their Benefits for Businesses
Recent years have seen web-based businesses becoming more and more accessible. Thanks to advances in online technology, even if you have little experience in web design or development, you can still have your own website or even your own online store. Here, we will look at how ready-made Ecommerce platforms […]
The Concept of Advertising in Small Business
Advertising consists of those activities by which visual or oral messages are addressed to selected public for the purpose of informing and influencing them to buy products or services or to act to be inclined favourably toward ideas, persons, trademarks or institutions featured. As contrasted with publicity and other forms […]
Be Aware of Internet Fraud and Your Contribution to Profit Losses
Internet fraud comes in many shapes and sizes. It could be an email phishing scheme or an overseas prince in distress. It could be an innocent mistake or a cleverly orchestrated scam. You might be the victim or you might be the scammer. The Greatest Source of Internet Fraud Thanks […]